How are ICLN cash-secured put max profit and max loss calculated?

Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium. For the ICLN cash-secured put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 38.09%), the computed maximum profit is $37.50 per contract and the computed maximum loss is -$1,711.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a ICLN cash-secured put?

The breakeven for the ICLN cash-secured put priced on this page is roughly $17.13 at expiration, derived from the August 14, 2026 end-of-day chain's premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The ICLN market-implied 1-standard-deviation expected move in the same options snapshot is approximately 10.92%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current ICLN implied volatility affect this cash-secured put?

ICLN ATM IV is at 38.09% with IV rank near 13.65%, which is on the low end of its 1-year range. Premium-buying structures (long call, long put, debit spreads) are relatively cheap in this regime; premium-selling structures collect less credit per unit risk.

ICLN Cash-Secured Put Strategy

ICLN (iShares Global Clean Energy ETF), in the Financial Services sector, (Asset Management - Global industry), listed on NASDAQ.

The iShares Global Clean Energy ETF (ICLN) provides investors with exposure to the worldwide clean energy industry. It achieves this by mirroring the investment performance of an index comprising international companies focused on sustainable power solutions.

ICLN (iShares Global Clean Energy ETF) trades in the Financial Services sector, specifically Asset Management - Global, with a market capitalization of approximately $2.41B, a beta of 1.43 versus the broader market, a 52-week range of 13.54-23.78, average daily share volume of 6.3M, a public-listing history dating back to 2008. These structural characteristics shape how ICLN etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.43 indicates ICLN has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. ICLN pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.

What is a cash-secured put on ICLN?

A cash-secured put sells an out-of-the-money put while holding cash equal to the strike-times-100 obligation, keeping the premium when the underlying stays above the strike.

ICLN snapshot

As of August 14, 2026, spot at $18.20, ATM IV 38.09%, IV rank 13.65%, expected move 10.92%. The cash-secured put on ICLN below is built from the August 14, 2026 end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 28-day expiry.

Why this cash-secured put structure on ICLN specifically: ICLN IV at 38.09% is on the cheap side of its 1-year range, which means a premium-selling ICLN cash-secured put collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 10.92% (roughly $1.99 on the underlying). The 28-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated ICLN expiries trade a higher absolute premium for lower per-day decay. Position sizing on ICLN should anchor to the underlying notional of $18.20 per share and to the trader's directional view on ICLN etf.

ICLN cash-secured put setup

The ICLN cash-secured put below is built from the August 14, 2026 end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With ICLN at $18.20 on that close, the first option leg uses a $17.50 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed ICLN chain at a 28-day expiry; the cross-strike IV skew is reflected directly in the per-leg values rather than approximated. Quantity sizing assumes one contract per option leg (or 100 ICLN shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Put	$17.50	$0.38

ICLN cash-secured put risk and reward

Net Premium / Debit: +$37.50
Max Profit (per contract): $37.50
Max Loss (per contract): -$1,711.50
Breakeven(s): $17.13
Risk / Reward Ratio: 0.022

Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium.

ICLN cash-secured put payoff curve

Modeled P&L at expiration across a range of underlying prices for the cash-secured put on ICLN. Each row is one sampled price point from the computed payoff curve; the full curve uses 200 price points internally before being summarized into 10 rows here.

P&L at expiration across the modeled underlying-price range. Green shading marks profitable regions, red shading marks loss regions. Dotted purple verticals mark breakevens; the solid dark vertical marks current spot.

Underlying Price	% From Spot	P&L at Expiration
$0.01	-99.9%	-$1,711.50
$4.03	-77.8%	-$1,309.20
$8.06	-55.7%	-$906.90
$12.08	-33.6%	-$504.60
$16.10	-11.5%	-$102.29
$20.13	+10.6%	+$37.50
$24.15	+32.7%	+$37.50
$28.17	+54.8%	+$37.50
$32.19	+76.9%	+$37.50
$36.22	+99.0%	+$37.50

When traders use cash-secured put on ICLN

Cash-secured puts on ICLN earn premium while a trader waits to acquire ICLN etf at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning ICLN.

ICLN thesis for this cash-secured put

The market-implied 1-standard-deviation range for ICLN extends from approximately $16.21 on the downside to $20.19 on the upside. A ICLN cash-secured put lets a trader earn premium while waiting to acquire ICLN at the strike price; the strategy is most attractive when the trader is comfortable holding the underlying at that level and IV is rich enough to compensate for the assignment risk. Current ICLN IV rank near 13.65% sits in the lower third of its 1-year distribution, where IV often re-expands toward the mean; this favors premium-buying structures and disadvantages premium-selling structures on ICLN at 38.09%. As a Financial Services name, ICLN options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to ICLN-specific events.

ICLN cash-secured put positions are structurally neutral to slightly bullish; the modeled P&L assumes European-style exercise at expiration and ignores early assignment, transaction costs, dividends paid before expiry on the stock leg (when present), and the bid-ask spread on the listed chain. ICLN positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move ICLN alongside the broader basket even when ICLN-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on ICLN carry tail risk when realized volatility exceeds the implied move; review historical ICLN earnings reactions and macro stress periods before sizing. Always rebuild the position from current ICLN chain quotes before placing a trade.

Frequently asked questions

What is a cash-secured put on ICLN?: A cash-secured put on ICLN is the cash-secured put strategy applied to ICLN (etf). The strategy is structurally neutral to slightly bullish: A cash-secured put sells an out-of-the-money put while holding cash equal to the strike-times-100 obligation, keeping the premium when the underlying stays above the strike. With ICLN etf at $18.20 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed ICLN chain strike and the premiums come straight from that session's bid/ask midpoint.
How are ICLN cash-secured put max profit and max loss calculated?: Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium. For the ICLN cash-secured put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 38.09%), the computed maximum profit is $37.50 per contract and the computed maximum loss is -$1,711.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a ICLN cash-secured put?: The breakeven for the ICLN cash-secured put priced on this page is roughly $17.13 at expiration, derived from the August 14, 2026 end-of-day chain's premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The ICLN market-implied 1-standard-deviation expected move in the same options snapshot is approximately 10.92%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
When should you consider a cash-secured put on ICLN?: Cash-secured puts on ICLN earn premium while a trader waits to acquire ICLN etf at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning ICLN.
How does current ICLN implied volatility affect this cash-secured put?: ICLN ATM IV is at 38.09% with IV rank near 13.65%, which is on the low end of its 1-year range. Premium-buying structures (long call, long put, debit spreads) are relatively cheap in this regime; premium-selling structures collect less credit per unit risk.